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Democrats pulled off an improbable double victory in Georgia, winning both special elections, an outcome we pegged at around a 20% possibility. With the Democratic candidates’ wins, the Senate makeup will be 50 Democratic senators and 50 Republican senators, with Democratic Vice President-elect Kamala Harris acting as a tiebreaker in votes.
Democrats already hold a majority in the House of Representatives, so the victories in the Georgia races mean President-Elect Joe Biden will likely have an easier time with at least some of his agenda under the new Senate control.
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Stocks Grind Higher As Focus Turns From Capitol Chaos To Coming Stimulus
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Democrats takeover of U S Senate prompts share-buying in Japan and Oz
batonrougepost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from batonrougepost.com Daily Mail and Mail on Sunday newspapers.
U.S. stocks roar on stimulus bets as Nasdaq jumps 2.5%
Rita Nazareth and Lu Wang, Bloomberg News
BNN Bloomberg s mid-morning market update: January 7, 2021 VIDEO SIGN OUT
Stocks rallied a day after violence rocked the U.S. Capitol, with investors firmly focused on the prospect for more stimulus and the likelihood that calm will prevail as Joe Biden takes the presidency.
All major U.S. equity benchmarks notched all-time highs, with about 70 per cent of the companies in the S&P 500 in the green and the Nasdaq 100 jumping 2.5 per cent. The Dow Jones Transportation Average a proxy for economic activity also hit a record, while the Russell 2000 Index of small caps extended a three-day advance to almost 8 per cent. Tesla Inc. surged after RBC Capital Markets upgraded the stock, noting it was âcompletely wrongâ with a previous bearish view. Another notable call came from Goldman Sachs Group Inc., which said banks have âmoved back into vogueâ due to optim